Having trouble getting a car loan? You’re not alone. “Gas at $4 a gallon changed the type of vehicles people buy. The credit crunch, however, has changed their ability to buy,” says a car dealer. Higher interest rates, higher down payments, fewer loans, and high aversion to dings on your credit report, this Kicking Tires post has more from the front lines about banks’ new level of pickiness when it comes to putting you in your next jalopy.
How Hard Is It To Get A Car Loan These Days?
By Ben Popken September 17, 2008
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- bursting bubbles Banks Can’t Get Away With Horrible Mortgage Practices Anymore, So Now They’re Doing It With Car Loans
- consumer financial protection bureau “Buy Here, Pay Here” Dealer To Return $700K To Consumers Over Deceptive Lending Practices
- less is mortgage 3 Things That Won’t (Or At Least Shouldn’t) Affect Your Mortgage Pre-Approval